Harlem Mixed-Use Building Near 125th
273 Lenox Avenue, New York, NY 10027
Commercial Building, Low-rise - New York, NY
Property size:
4,860 SFPrice / SF:
$555/SF- Added:
- Jan 30, 2026
- Days on Market:
- 109
- Last Refresh:
- May 19 at 7:06 am
Property Features for 273 Lenox Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- Parking features
- Garage
- Exterior features
- Terrace
- Fireplace
- 1
- Standard status
- Active
- Size
- 4,860 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Fireplace(s)
Building Details
- Architectural style
- Other
Listing agent John McGuinness (212) 369-1518
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Jan 30, 2026
MLS# 11667023
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the heart of Harlem, steps from major transportation and retail.
- Mixed‑use property with multiple income streams: ground‑floor commercial space, parlor‑level office, and a renovated two‑bedroom duplex.
- Significant income potential with projected gross annual income of $246,000 at full market rent stabilization.
- Vacant ground‑floor commercial space (1,224 sq ft) with usable cellar (1,085 sq ft).
- Renovated duplex apartment currently leased at $4,800/month with significant upside potential.
- C4‑4 zoning with additional air rights offering future development possibilities.
Overview
Located just off West 125th Street in Harlem, 273 Lenox Avenue is a mixed-use building positioned within a C4-4 zoning district. The property contains approximately 3,778 square feet above grade, plus a dry, high-ceiling cellar of approximately 1,082 square feet. The 17' x 75' lot is built nearly full on the ground level, maximizing commercial utility, and includes approximately 500 square feet of additional air rights. The upper two floors are configured as a renovated two-bedroom, two-bathroom duplex with high ceilings and strong natural light. The unit is currently leased at $4,800 per month through December 23, 2026. Market rent for comparable renovated duplex units in this immediate corridor is approximately $6,500 per month. The ground-floor commercial space measures approximately 1,224 square feet and is supported by approximately 1,085 square feet of clean, high-ceiling cellar space directly below. The space has been delivered vacant and is suitable for retail, office, or owner-user occupancy. Market rent for the ground floor and cellar combined is estimated at $10,000 per month. The parlor level is configured as a separate commercial office unit with two private offices and a private rear terrace, and is projected rent is $4,000 per month. At full stabilization using market rent, the property offers a projected gross monthly income of approximately $20,500, or $246,000 annually. The building is steps from the 2/3 express trains, Trader Joe's, Whole Foods, and numerous neighborhood retailers and restaurants. 273 Lenox Avenue presents a flexible opportunity for an investor or owner-user seeking scale, multiple income streams, and prime positioning within one of Harlem's most active commercial corridors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.946464
- Latitude
- 40.806983
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Harlem with commercial and residential income.
Where is this mixed-use property located?
The property is located at 273 Lenox Avenue New York, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime location in the heart of Harlem, steps from major transportation and retail.; Mixed‑use property with multiple income streams: ground‑floor commercial space, parlor‑level office, and a renovated two‑bedroom duplex.; Significant income potential with projected gross annual income of $246,000 at full market rent stabilization.
